Alexander And Kline Give Statement On Student Loan Interest Rate Report

Friday, January 31, 2014

Senator Lamar Alexander and House Education and the Workforce Committee Chairman John Kline (R-Mn.) issued the following joint statement after the Government Accountability Office (GAO) released a report on federal student loan interest rates:

“Today’s GAO report makes it clear that Congress was exactly right to tie student loan interest rates to market rates, because that is the fairest way to ensure the loans don’t overcharge either students or taxpayers. The Bipartisan Student Loan Certainty Act cut interest rates for undergraduate loans nearly in half and made all student loans cheaper, simpler and more certain.”

The Bipartisan Student Loan Certainty Act (also known as the Smarter Solutions for Students Act) included a provision directing the GAO to provide information on issues related to the cost of federal student loans. Specifically, the report was intended to help members of Congress determine whether there was an ideal federal student loan interest rate that would ensure the government could cover Direct Loan costs without generating excess revenue. To read the full report, entitled “Borrower Interest Rates Cannot Be Set in Advance to Precisely and Consistently Balance Federal Revenues and Costs,” click here.


Lee Donates Organ Console To St. Luke’s

Lee University hasy donated an organ console to St. Luke’s Episcopal Church of Cleveland. Representatives of the local school, the church, and Barger & Nix Organs gathered to oversee the transfer of the console.  “This is a wonderful gift,” said Tammy Randolph, senior warden of St. Luke’s Vestry. “Lee University has always been a wonderful neighbor, and we are so blessed ... (click for more)

Bradley County Schools Sees Increase In ACT Scores

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Jury Awards 25 City Police Personnel Total Of $562,000 On Claims That Pay Plan Was Not Followed

A Chancery Court jury on Wednesday gave a verdict totaling $562,000 for 25 city police personnel who filed suit almost five years ago alleging that the city never lived up to terms of a 2010 pay plan. Attorney Stevie Phillips, who tried the case along with Janie Parks Varnell, said, "The jury awarded each officer what we had asked for to the penny." She stated, "These 25 members ... (click for more)

TDEC Defends Its Operation Of Septic Permit Office In Bradley County; Backs Hank Thompson

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Alexander Should Do Something About The Affordable Health Care Act Price Increase - And Response (3)

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Roy Exum: 40 Questions About ‘Blue Bags’

No. 1 – Did you know that one in every five of the 42,000 children in the Hamilton County school district is what the experts call “food deprived?” No. 2 – Can you get your arms around the fact that a huge percentage of those 8,400 children get little, if nothing, to eat from Friday at lunch until they return to our schools on Monday? No. 3 -- Did you know that you – just ... (click for more)